GBP/USD 1H Time Frame Chart

Market news

8 November 2017

GBP/USD 1H Time Frame Chart

As we can see on 1h time frame chart, it is possible to see a chart pattern "Double Top" which the neckline has already been broken.

Therefore, it might be possible to see a depreciation of the British pound agaisnt the U.S dollar to values close to 1.305

U.S.: Crude Oil Inventories, November 2.237 (forecast -2.876)

U.S. Stocks open: Dow -0.06%, Nasdaq +0.02%, S&P -0.10%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.